British wholesale gas prices fell on Wednesday as an increase in imports from Norway and strong wind power generation left the market oversupplied.

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Oil rebounded from several days of falling prices after industry data showed a surprise drop in U.S. crude inventories and offset weak economic readings in the United States that have depressed global stock markets.

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Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns continued to keep a lid on prices.

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Prompt British wholesale gas prices were mixed on Monday morning, as gas for immediate delivery was lower on higher imports from Norway.

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Oil prices slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved as an ongoing trade war with the United States weighs on demand growth at the world’s largest crude importer.

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British wholesale gas prices rose as a fall in imports from Norway left the market undersupplied and as demand climbed due to lower temperatures than previously forecast.

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Oil prices fell on Friday as economic headwinds revived concerns of slowing global demand growth and a faster-than-expected recovery in Saudi crude oil output eased worries over potential major supply disruptions.

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British gas prices were mixed on Thursday, with the day-ahead contract lifted by cooler weather forecasts and the within-day contract down on oversupply.

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Oil prices edged lower on Thursday, extending losses from the previous two sessions, as Saudi Arabia quickly regained production volumes after an attack on its oil facilities and amid increasing signs of slowing demand. ›

European prompt electricity prices for day-ahead delivery slid on Wednesday on the back of forecasts showing a slip in French demand, increased nuclear power availability, and a sharp rise in German wind generation.

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